Tunisia: half of young people work in informal sector

Strategy requested for inclusion in organised economy

25 September, 13:03

    (ANSAmed) - TUNIS, SEPTEMBER 25 - Half of Tunisian young people work under the table in the "informal sector", said the president of the Union of Maghreb Banks (UBM), Ahmed El Karam, speaking at the annual UBM conference in Tunis.

    "This represents a value of nearly 16.5 billion dinars in Tunisia," El Karam said.

    "An amount like this is not available in our banks or in our postal network and is often spent outside the organised economic sphere," he said.

    El Karam argued for a "national strategy" and "a clear plan" to succeed in integrating marginalised sectors in the organised economy, which he said could help to encourage people engaged in these parallel activities to open bank accounts.

    He insisted on the imperative of finding solutions to integrate part of the money circulating in the informal sector into the organised monetary system.

    In countries of the Maghreb, 40% of people do not have bank accounts.

    This imposes mobilising mechanisms for a better financial inclusion of these groups, especially professionals affected by the coronavirus pandemic, El Karam said.

    He said they could therefore benefit from bank credits and called for the development of programmes "to increase liquidity in Maghrebi and Tunisian banks, so that they can help the affected businesses to overcome this crisis".

    El Karam recommended that the various players in the banking sector review the strategy of public-private partnership, support start-ups and opt for the digitisation of banks.

    UBM and universities in Tunisia, Algeria, Morocco and Mauritania, on Thursday, signed a series of agreements on the sidelines of the conference to create a dynamic in the field of scientific research and economic and financial activities, to promote the financial sector and banks in the Maghreb. (ANSAmed) (ANSA).

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